Virginia · FIPS 51027 · HUD FY 2027
Buchanan County, Virginia Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Buchanan County is $943 a month (rent plus utilities), 47% below the Virginia average of $1,792 and 46% below the U.S. average of $1,761. That is up $29 (3.2%) from FY 2026. At 30% of income, a household needs about $37,720 a year to afford it.
- $9432-bedroom FMR+$29 (+3.2%) vs FY 2026
- $8661-bedroom FMRVirginia: $1,596 · U.S.: $1,478
- $37,720Income for a 2-bedroom$18/hour full-time
- 108 of 1332BR rank in Virginia1 = highest rent
| Unit | Buchanan County FY 2027 | FY 2026 | Change | Virginia avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $799 | $792 | +$7 (+0.9%) | $1,536 | $1,379 | $31,960 |
| 1 bedroom | $866 | $834 | +$32 (+3.8%) | $1,596 | $1,478 | $34,640 |
| 2 bedrooms | $943 | $914 | +$29 (+3.2%) | $1,792 | $1,761 | $37,720 |
| 3 bedrooms | $1,306 | $1,271 | +$35 (+2.8%) | $2,326 | $2,266 | $52,240 |
| 4 bedrooms | $1,506 | $1,494 | +$12 (+0.8%) | $2,752 | $2,607 | $60,240 |
How Buchanan County compares
- Buchanan County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Virginia, 2-bedroom FMRs run from $943 (Wythe County) to $2,438 (Alexandria city).
- Studio to 4-bedroom: $799, $866, $943, $1,306, $1,506. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 12 ZIP codes mostly in Buchanan County (by land area), the 2-bedroom figure ranges from $940 to $1,400.
Small Area FMRs by ZIP code in Buchanan County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 24239 | $860 | $940 | $1,020 | $1,420 | $1,630 | +$30 (+3.0%) | 8% above |
| 24603 | $800 | $870 | $940 | $1,310 | $1,510 | +$30 (+3.3%) | about the same as |
| 24607 | $850 | $900 | $1,050 | $1,330 | $1,650 | +$80 (+8.2%) | 11% above |
| 24614 | $870 | $950 | $1,030 | $1,430 | $1,640 | +$70 (+7.3%) | 9% above |
| 24620 | $800 | $870 | $940 | $1,310 | $1,510 | +$30 (+3.3%) | about the same as |
| 24622 | $930 | $970 | $1,130 | $1,490 | $1,640 | +$100 (+9.7%) | 20% above |
| 24631 | $800 | $870 | $940 | $1,310 | $1,510 | +$30 (+3.3%) | about the same as |
| 24634 | $940 | $1,010 | $1,110 | $1,530 | $1,750 | +$70 (+6.7%) | 18% above |
| 24639 | $790 | $820 | $940 | $1,220 | $1,370 | +$30 (+3.3%) | about the same as |
| 24646 | $810 | $870 | $970 | $1,320 | $1,520 | +$40 (+4.3%) | 3% above |
| 24656 | $870 | $950 | $1,030 | $1,430 | $1,640 | +$40 (+4.0%) | 9% above |
| 24657 | $1,190 | $1,290 | $1,400 | $1,940 | $2,240 | +$100 (+7.7%) | 48% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.